Cost of Living in Dakota County, MN
Population 445,771 · Census ACS 2020–2024 5-year estimates
The median rent in Dakota County, MN is $1,548/month, 21% higher than the Minnesota median and 10% higher than the U.S. median. The median home value is $381,000, 15% higher than the national median. Households earn a median of $106,318 a year, 19% higher than the state median.
Affordability
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Dakota County vs. Minnesota vs. U.S.
| Dakota County | Minnesota | U.S. | |
|---|---|---|---|
| Median rent | $1,548 | $1,280 | $1,413 |
| Median home value | $381,000 | $329,300 | $332,700 |
| Median household income | $106,318 | $89,062 | $80,734 |
| Homeownership rate | 74.9% | 72.2% | 65.2% |
| Bachelor's degree or higher | 45.0% | 39.4% | 35.7% |
| Poverty rate | 5.8% | 9.3% | 12.5% |
| Unemployment rate | 3.6% | 4.1% | 5.2% |
| Work from home | 21.3% | 17.6% | 15.1% |
| Median age | 38.6 | 38.8 | 38.9 |
FAQ
What is the average rent in Dakota County, MN?
The median gross rent in Dakota County, MN is $1,548 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Dakota County, MN?
Using the common 30% rule, renting a median-priced home takes about $61,920 a year in gross income.
Is Dakota County, MN expensive to live in?
Rent there is 10% higher than the U.S. median, and the median home costs about 3.6 times the median household income.
Other counties in Minnesota
Counties with a similar cost of living
Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
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